Sort of, but not really.
It's not like the litecoins show up in the bitcoin wallet.
The litecoins were sent to a valid litecoin address. It just so happened that the litecoin address was also a valid bitcoin address and that the litecoin address that the litecoins were sent to was copied from an address that was being published for the purpose of receiving bitcoins.
It's a bit like if there were more than one Danny Hamilton in the world. If I then asked you to send me something in the mail, and you searched for my name on the internet and got the other Danny Hamilton's address, then you would have been sending the mail to "Danny Hamilton", but not to me.
It isn't possible to send litecoins to a bitcoin address. It is possible to send litecoins to a litecoin address, and it is also possible for the litecoin address to also be a valid bitcoin address.
That's really quite fascinating, still. I didn't find a link to the original description when reading above. Danny, was this something that you were playing with?
EDIT: sorry, i see the link in Shorena's post now, following up myself.